Sales turnover of RMK for the first half-year amounted to EUR 75.3 million and profit to EUR 4.5 million 07.08

In the
first six months of 2014, a sales revenue of EUR 75 million euros and a profit
of EUR 9 million was earned.

According to Aigar Kallas, Chairman of the Management
Board of RMK, the decrease in profit was mainly due to a price drop on the
timber market. “This mainly concerns conifer logs which make up the largest
share of the sales volume and sales revenue of RMK,” Kallas noted. “In terms of
pulpwood and firewood, there has also been a downwards trend compared to the
previous year, but not that noteworthy yet.”

In
the first six months of 2015, RMK sold 1.6 million cubic metres of
timber for a total of EUR 70.8 million euros. The average sales price of timber
settled at EUR 44.3 per cubic metre, down 6% year on year. In the first
half-year of 2014, RMK sold 1.5 million cubic metres of forest material for EUR
69.8 million and the average sales price settled at 47.1 euros per cubic metre.

In the first half of the year, RMK sold 75,000 cubic
metres of cutting waste and wood chips for EUR 2.2 million, with the average
sales price reaching EUR 28.7 per cubic metre.Last
year in the same period, RMK sold 82,000 cubic metres of cutting waste
and wood chips for EUR 2.5 million, with the average sales price reaching EUR
30.3 per cubic metre.

In
2015, RMK is planning to sell a total of 3.3 million cubic metres of timber for
EUR 150 million and 204,000 cubic metres of cutting waste and wood chips for
EUR 6.2 million.

The 2015 budget of RMK has been planned to allow for a total sales revenue of EUR 163 million and a profit of EUR 35.2 million.
According to Aigar Kallas, there is no reason to change the estimate for the
year right now because the second half-year usually provides a larger profit.
“The early spring allowed us to perform silvicultural works in a greater volume
compared to previous years,” he added. This year, RMK has planted 18.5 million
trees in forests and half a million more will be planted in the autumn.

RMK is the keeper, protector and manager of the forest
and other natural biotic communities belonging to the Estonian state. RMK earns
a profit for the state through forest management, growing reforestation
material, and organising forest and nature protection works. In addition, RMK
establishes opportunities for nature walking and shapes nature awareness. The
composition of RMK also includes the Sagadi Forest Centre, the Elistvere Animal
Park and the Põlula Fish Farm. RMK employs more than 700 people and about 5,000
people are employed in the state forest as contractual partners.